CALGARY, Sept. 9, 2014 /CNW/ - Canadian Pacific (TSX:CP)(NYSE: CP) and
the Teamsters Canada Rail Conference Rail Canada Traffic Controllers
(TCRC-RCTC) announced today that a labour agreement covering
approximately 135 rail traffic controllers in Canada has been ratified.
The agreement was ratified with a record 94 per cent of votes cast in
The agreement spans six years, also a record, and was negotiated before
the expiry of the previous agreement. The new contract runs from
January 1, 2015 to December 31, 2020.
The general wage increase is 3 per cent per year. There are other
In keeping with the leadership shown by the union and members in this
agreement, CP agreed to make the increases effective July 18, the
signing date. CP also restored the company contribution to this union's
Employee Share Purchase Plan benefit, effective the same date.
"The signing of this agreement is a landmark in many ways and I think we
all take some deep satisfaction from that," said Peter Edwards, Vice
President of Human Resources and Labour Relations for Canadian Pacific.
"It is really a great example of what people working together can do to
create positive results that few would have imagined possible before."
This is the fifth long term collective agreement in place between CP and
its Canadian unions. CP's International Brotherhood of Electrical
Workers (IBEW), Teamsters Maintenance of Way (TCRC-MOW), Police (CPPA)
and United Steel Workers (USW) employees have all ratified long-term
deals with acceptance rates as high as 97.5 per cent.
CP currently has two other Canadian labour agreements open to
negotiation; Unifor, which represents its mechanical employees, and
Teamsters (TCRC) representing its train and engine employees. CP has
spoken with both unions and indicated a willingness to bargain and
implement new agreements before the expiry of the existing agreements.
Canadian Pacific (TSX:CP)(NYSE: CP) is a transcontinental railway in
Canada and the United States with direct links to eight major ports,
including Vancouver and Montreal, providing North American customers a
competitive rail service with access to key markets in every corner of
the globe. CP is growing with its customers, offering a suite of
freight transportation services, logistics solutions and supply chain
expertise. Visit cpr.ca to see the rail advantages of CP.
SOURCE: Canadian Pacific
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